Which of the following does not correctly describe the effect of Mylan Company declaring and distributing a 2-for-1 common stock split?

A) Mylan's current ratio remained the same.
B) Mylan's return on equity ratio remained the same.
C) Mylan's debt-to-equity ratio remained the same.
D) Mylan's earnings per share remained the same.

Common Stock Split

A division of a company's existing shares into multiple ones to boost the liquidity of the shares, making them more affordable to small investors without altering the shareholder's equity.

Return on Equity

A financial ratio calculated by dividing net income by shareholder equity, used to measure the profitability of a company in generating profit from its equity investments.

Debt-to-Equity Ratio

This ratio measures the mix of shareholders' equity to debt in financing a company's assets.